16500 Running Deer Road, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
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Lake Elsinore, California 92530
This Turnkey Single-Story Residence is a Strong Value Opportunity, listed at $585,000—positioned well below the $586,717 Fair Market Value by 0.29%. Featuring a Condition Rating of 3, the home offers modern upgrades including a Granite Kitchen and a remodeled primary suite. The expansive 7,405 sq. ft. lot provides significant outdoor potential for RV parking or future additions. This move-in-ready property balances financial stability with lifestyle convenience, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished, low-maintenance home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16500 Running Deer Road Subject | $585,000* List Price | 4 | 2 | 1,615 | $363 | - |
A 16496 Nectarine Way Sold | $625,000 | 4 | 2 | 1,606 | $389 | 0.1 mi |
B 16513 Mountain Sold | $619,000 | 4 | 2 | 1,656 | $374 | 0.2 mi |
C 127 N Massachusetts Sold | $615,000 | 4 | 2 | 1,585 | $388 | 0.9 mi |
D 29013 Coconut Sold | $575,000 | 4 | 2 | 1,656 | $347 | 0.1 mi |
E 4108 Ballantree Street Sold | $560,000 | 3 | 2 | 1,714 | $327 | 0.5 mi |
F 186 S Massachusetts Sold | $660,000 | 4 | 3 | 1,928 | $342 | 1.0 mi |
G 15031 Vista View St Sold | $599,000 | 3 | 2 | 1,410 | $425 | 0.4 mi |
H 3273 Fig Court Sold | $660,000 | 4 | 3 | 2,090 | $316 | 0.5 mi |
I 15344 Regatta Active Under Contract | $599,000 List Price | 4 | 2 | 1,901 | $315 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989, the property has been significantly updated with a refreshed kitchen featuring granite countertops and stainless appliances, along with a fully remodeled primary ensuite bathroom. The interior features modern laminate flooring and updated lighting, making it well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1615.
The home features extensive recent updates, including a refreshed kitchen with granite countertops and a fully remodeled primary ensuite with a custom walk-in shower and quartz finishes.
The property offers a spacious lot with a large covered patio, gated side-yard access suitable for RVs, and mature landscaping, providing excellent potential for future improvements like a pool.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Fitting four bedrooms into 1,615 square feet may result in smaller individual bedroom sizes, which could be a constraint for families requiring larger private spaces.
The sale includes a new dishwasher that has not yet been installed, indicating that the buyer will need to manage minor finishing tasks immediately upon possession.
Beautifully Updated Single-Story Home on a Spacious Lot in Lake Elsinore Welcome to 16500 Running Deer Road, a thoughtfully updated single-story residence offering modern comfort, functional living space, and an expansive lot with endless possibilities. The open-concept floor plan features vaulted ceilings, abundant natural light, laminate wood flooring, and a spacious living room centered around a custom fireplace. The refreshed kitchen showcases painted cabinetry, updated hardware, granite countertops, stainless steel appliances, recessed lighting, a designer tile backsplash, and a breakfast bar perfect for entertaining. The oversized primary suite serves as a private retreat with vaulted ceilings, backyard access, and a beautifully remodeled ensuite bathroom featuring a dual-sink vanity, quartz countertops, custom walk-in shower with frameless glass enclosure, upgraded fixtures, and a large walk-in closet. Additional improvements include remodeled bathrooms, upgraded lighting, ceiling fans, interior paint, and an indoor laundry room. Outside, enjoy a large, covered patio, extensive concrete hardscape, mature landscaping, storage shed, and gated side-yard access. The generous lot provides space for entertaining, recreational vehicles, gardening, a future pool, or additional improvements. A new dishwasher is included with the sale but has not yet been installed. Located near schools, shopping, dining, parks, and commuter routes, this move-in-ready home offers a rare combination of interior upgrades, spacious living, and exceptional outdoor potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,615 | 1,973 |
| Lot Size | 7,405 | 6,970 |
| Price | $585.0K | $601.5K |
| Price per sq ft | $362 | $293 |
| Built year | 1989 | 2004 |
| HOA | $0 | $146 |
| Days on market | 40 | 64 |
Jun 12, 2026
$585,000
Initial Listing
Feb 11, 2025
$567,500
Public Record
Apr 16, 2019
$360,000
Public Record
Feb 24, 2009
$154,909
Public Record